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Crytpocurrency

BTC/BRL (Foxbit) – 4hrFibonacci Extension from previous 2 lows to previous ATH confirms consolidated support at ~14.100 with next support/resistance at ~14.500. Next leg up takes us to ~15.000 psychological resistance and fib extension with final bull-run resistance at ~15.700. The Brazilian markets have a tendency to play catch up, and when they do, they usually overshoot targets in both directions, but particularly on the downside. We see less volume to support this bull run than previous runs, however there's still enough to push us to ~15.000 in my opinion, or at least close to it over the coming days. If you're not already in, we may head sideways for a day around the 14.500 support line. On the hourly chart entries in the cloud 14.270–14.380. Should this trend line hold, we'll arrive at the 15.000 mark by 6am tomorrow morning (Brasilia Time). The only way I can see this happening is when Asian markets come online and push this bull further throughout the night. If we make 15.000 by tomorrow morning, expect a pull back to to 14.500 before continuation of trend.
BLong
by billaddison
4
THE TRADE OF THE DECADE: BTC 3 DRIVES TOP SHORT, ALTS LONGThey will call it the trade of the decade. MILLIONAIRES and BILLIONAIRES will be born everywhere. The market will spiral with so much exponential growth that Bitcoin's first leg up will look like chump change. Do you want to participate in possibly one of the biggest trades in your lifetime? Well guess what, I do, and I am going to give you all the proof you need to feel confident in this. This is going to be a long read. It will be worth your time. Trust me, you will love it. About a little over a month ago when I was a trading noob I stumbled upon this idea.. It is a beautiful chart and I thank ZarNegar for creating the idea. He, along with others, will be people you need to thank with a personal message once you see what I see. After I saw the chart, the idea never left my mind. I have always been looking for cup and handle fractals, bull flags, bear flags, three drives, etc. The patterns are stuck in my head and they will never leave. I am telling you right now, BITCOIN IS A CUP AND HANDLE. Don't believe me? Well let's take a look at the THREE DRIVES PATTERN it is currently playing around in. Rather than posting my own BTC C&H idea, I will post LewisGlasgow's. He is the second big shoutout I have to give. Connecting the dots yet? Simply put, ZarNegar's idea has the handle of the cup a little bit too far ahead. No worries. I have found a more accurate prediction. LewisGlasgow's three drives pattern gave me the idea that, hey, maybe the handle will form after the three drives completes. Guess what. My idea was right. The three drives pattern completes perfectly nearly 100% of the time I would say. LewisGlasgow believes based simply on technicals, the pattern will complete, as do I. That means the retrace after 3rd Drive top will be the handle of the C&H on the weekly. Still don't believe me? Let's analyze the GODMODE indicator. * Just a correction: The BTCUSDT (BITSTAMP) chart above is actually BTCUSD (BITSTAMP). I forgot to fix that and have since deleted those charts. * See a pattern yet? I certainly do. Godmode is "overbought." What goes up must come down guys. I cannot thank xSilas enough for his creation. I would not have been able to confirm this idea without Godmode. I highly recommend the indicator. If you are interested in learning about the Godmode indicator, ProwdClown wrote a great tutorial idea. Make sure you make the correct tweaks. Shoutout to him as well. I would not have learned how to use Godmode so quickly if it were not for him. Here is the link to the idea: bit.ly When it comes to technical analysis, that is pretty much it. Lets talk about some fundamentals. I strongly believe we are at the start of a technological revolution that will last for decades. Blockchain is an infant. Bitcoin is an infant. Alt coins are practically still in the womb... Computers are infants, smartphones are infants, virtual reality is still in the womb... Another good comparison involves the trading exchanges: Coinbase, Bitfinex, Bitstamp, Kraken, etc. are all infants. They are the equivalence of all the big stock exchanges that exist today, like NSADAQ, NYSE, etc...
BITFINEX:ETHUSD
by jwlondon98
17
XEM (NEM) - uptrend breakout tradeThere is quite a lot of sells on the orderbook between the buy-stop price and the current price. If the price manages to get past all those sells then it has a good chance of pushing further in this trend. Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks. Some of these alts have really low volume at times so be careful buying as big orders will go right through the order book Good luck! Mark
Long
by MarkLudgate